Kraken, CMT Digital, and Fidelity’s arm invest in crypto options platform STS Digital
STS Digital secured $30 million in funding led by CMT Digital, with participation from Kraken and Fidelity, to expand its crypto options platform.Summary
STS Digital, a Bermuda-regulated digital asset trading firm focused on institutional clients, has raised $30 million in a funding round led by CMT Digital. Participants included Payward (Kraken’s parent company), Arrington Capital, BitRock Capital, Strobe Ventures, and F-Prime (Fidelity’s investment arm). Founded in 2022, STS Digital provides trading in spot markets, options, and structured products across over 400 digital assets. The new capital will be used to enhance its infrastructure, liquidity provision during volatile markets, and financial stability. According to Gideon Hyams, chairman and co-founder of STS Digital, the investment will allow them to meet the growing demand for their products from institutional investors. CMT Digital’s Sam Hallene emphasized STS Digital’s strong risk controls and platform design, while Kraken’s Arjun Sethi highlighted the investment’s alignment with Kraken’s strategy to expand its derivatives offerings. The investment reflects a growing trend of institutional investors using options for hedging and risk management in the crypto market.
(Source：Crypto Briefing)